China press reports PBOC to be more flexible on monetary policy this year

China Securities Journal reports (via Bloomberg)

• People's Bank of China to be more flexible on monetary policy this year
• China should cut the RRR to prevent risks from lower economic growth during China's transformation in economic growth drivers

More:

• China's dropping of a target for M2 money supply for 2018 means its central bank is quickening shift toward price-based tools from quantitative tools in monetary policy

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China Securities Journal citing Minsheng Banking Chief Researcher Wen Bin and others

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RRR is the reserve requirement ratio, it sets the percentage of commercial bank deposits that must be kept aside 9thats a quick definition, the gist of the thing)